Price Inflation In November Rose To The Highest Level Recorded In Nearly 40 Years
Inflation Surges Near to a 40-Year High. Wages Aren’t Keeping Up
Mises Institute reports:
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According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly 40 years. According to the consumer price index for November, year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June 1982 when the growth rate was at 7.2 percent.
November’s increase was up from October’s year-over-year increase of 6.2 percent. And it was well up from November 2020’s year-over-year increase of 1.13 percent.
